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January 14, 2024
Question

Why is Turbotax 2023 adding part of the distribution from a 2020 covid distribution?

  • January 14, 2024
  • 1 reply
  • 0 views

2022 should be the third and final year for repayment.  2020, 2021, 2022 were the years when qualified disaster distribution from a retirement account were applied and taxes paid.  

 

The current version of 2023 Turbotax adds another 1/3 of the original distribution

1 reply

DoninGA
Employee
January 14, 2024

There may be files that transferred over from 2022 that is causing this issue.

Delete any Form 8915-F Worksheets and Form 8915-F if listed in the forms list.  Also if a Form 1099-R transferred over from 2022, delete that form.

 

Click on Tax Tools on the left side of the online program screen

Click on Tools

Click on Delete a form

obikabeAuthor
January 14, 2024

Thank you.  This did resolve the issue.